Premier announces corporate group addition - Paul Blatter hired as Director of
Metallurgy
Shares Issued: 149,072,712
THUNDER BAY, ON, March 18, 2013 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is
pleased to announce that Paul Blatter will be joining the company as Director
of Metallurgy and will participate in the advancement of the Company's
portfolio of advanced-stage projects. Paul brings to Premier over 13 years
of experience in mine development process and metallurgy.
Mr. Blatter holds a Bachelor of Metallurgical Engineering and has recently
held positions of increasing responsibility at Agnico Eagle Mines Limited and
Matamec Explorations. Previous milling and development projects that Paul
participated in include; lead metallurgical and operational development of the
Lapa mill plant design through to mill start-up and operation covering all
aspects of milling, Metallurgy Superintendent for Agnico's Laronde Complex and
various project development projects for Agnico-Eagle Mines including the
Kittila project. Paul will work on metallurgy and milling concepts for
Premier's projects with the initial focus being the economic evaluation of the
Trans-Canada Project, and metallurgy work for the Cove Project in Nevada.
Premier continues to strengthen its operating team as it implements the
Company's strategy of becoming a gold producer. In the past 12 months,
Premier has made several key management additions including Paul-Henri Girard
as Senior Mining Advisor and Eric Lamontagne as Director, Development Projects.
"The addition of Paul to Premier's team confirms our commitment to building an
industry-best team with substantial mineral exploration and mine development
experience as we implement our strategy to convert from explorer to developer"
stated Ewan Downie, President and CEO of Premier. "His previous experience
in working with our current team will streamline our ability to execute on the
advancement of Company projects."
For 2013, Premier will see more than $30 million spent on exploration and
development on three projects, the most aggressive budget in corporate
history. Continued drilling and conceptual mine modeling for the Brookbank and
Hardrock deposits are being worked in advance of a planned PEA. An
aggressive expansion and delineation drill program is planned to be completed
at the Cove Gold Project in Nevada with an initial mineral resource estimate
expected in late 2013. In Red Lake, an accelerated underground drill program
will be carried out from the tram development that is currently being
excavated through the Rahill-Bonanza joint venture project.
Premier Gold Mines Limited is one of North America's leading exploration and
development companies with a high-quality pipeline of gold projects focused in
proven, safe and accessible mining jurisdictions in Canada and the United
States. The Company is fully financed with approximately $140 million in
cash and investments, no debt and a portfolio of advanced-stage assets in
world class gold mining districts including Red Lake, Musselwhite and
Geraldton in Ontario and the most prolific gold trends in Nevada.
This Press Release contains certain information that may constitute
"forward-looking information" under applicable Canadian securities
legislation. Forward-looking information includes, but is not limited to,
statements about strategic plans, including future operations, future work
programs, capital expenditures, discovery and production of minerals, price of
gold and currency exchange rates, timing of geological reports and corporate
and technical objectives. Forward-looking information is necessarily based
upon a number of assumptions that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those expressed or
implied by such forward-looking information, including the risks inherent to
the mining industry, adverse economic and market developments and the risks
identified in Premier Gold's annual information form under the heading "Risk
Factors". There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based
upon the opinions and estimates of management and information available to
management as at the date hereof. Premier Gold disclaims any intention or
obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as required by
law.
Ewan Downie, President & CEO Phone: 807-346-1390 Fax: 807-346-0100
e-mail:Info@premiergoldmines.com Web Site:www.premiergoldmines.com
SOURCE: Premier Gold Mines Limited
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CO: Premier Gold Mines Limited
ST: Ontario
NI: MNG 2575 WNEWS
-0- Mar/18/2013 11:27 GMT